Wealth Management

JULY 29, 2024

RIAs are especially vulnerable to the potential changes stemming from the FTC’s rule.

359

359

Calculated Risk

AUGUST 2, 2024

The headline jobs number in the July employment report was below expectations, and May and June payrolls were revised down by 29,000 combined. The participation rate increased, the employment population ratio decreased, and the unemployment rate increased to 4.3%. Construction employment increased 25 thousand and is now 645 thousand above the pre-pandemic level.

Numbers 319

Numbers Economics Manufacturing 319

Abnormal Returns

JULY 28, 2024

Top clicks this week What is the best performing stock of all-time? (mebfaber.com) Three investment myths, debunked. (morningstar.com) Lessons learned from the best performing stocks of all-time. (awealthofcommonsense.com) For investors, inflation is THE enemy. (disciplinefunds.com) Ian Cassel, "Most big winners were ugly ducklings that transformed themselves into beautiful swans.

Assets 317

Assets Investments Investing Marketing 317

Nerd's Eye View

AUGUST 2, 2024

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that a Federal district court in Texas has put a stay on the effective date of the Department of Labor’s (DoL’s) new Retirement Security Rule (aka “Fiduciary Rule 2.0”), which had been scheduled to become effective in September, and related amendments to prohibited transaction exemptions.

Financial Planner 246

Financial Planner Financial Advice Investment Planning Planning 246

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Accounting

Wealth Management

JULY 30, 2024

They've expanded the number of possible portfolio constructions from 15 to 100 quintillion.

Portfolio 330

Portfolio Numbers 330

Calculated Risk

JULY 31, 2024

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 3.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 26, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent on a seasonally adjusted basis from one week earlier.

Marketing 317

Marketing Marketing 317

Nerd's Eye View

JULY 31, 2024

For SEC-registered financial advisors, the prospect of an upcoming examination by the SEC can be a source of high anxiety. This is especially the case with newly registered advisors or formerly state-registered advisors who recently became SEC-registered since they may be uncertain about how the examination process will work, what elements of the firm the SEC will dig into, or what information the advisor will need to provide to the examiners.

Compliance 246

Compliance Ethics Advertising Clients 246

Wealth Management

AUGUST 1, 2024

The finding is part of a broader Cerulli report examining the opportunities and challenges surrounding the use of alternative investments in the retail channel.

Assets 321

Assets Retail Management Investing 321

Calculated Risk

JULY 30, 2024

Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 5.9% year-over-year in May; FHFA House Price Index Unchanged in May, up 5.7% YoY Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for May ("May" is a 3-month average of March, April and May closing prices). May closing prices include some contracts signed in January, so there is a significant lag to this data.

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306

Abnormal Returns

AUGUST 2, 2024

Markets Markets fear the Fed has missed their window to cut rates. (sherwood.news) High beta stocks are rolling over. (allstarcharts.com) August historically not been a great month for the stock market. (carsongroup.com) The story of QXO ($QXO) is a great lesson for investors. (wsj.com) Trading The best trading system is one that works for you. (allstarcharts.com) Why setting stops is so important psychologically.

License 278

License Financial Advising Media Economy 278

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Where are top advisors focusing in 2025? AcquireUp’s 2025 Industry Index reveals it all. Based on insights from 200+ financial professionals nationwide, discover why 74% say seminars and referrals deliver the best ROI, how automation is helping advisors scale faster, and why only 8% are tapping into niche marketing (a major growth opportunity!). Whether you're refining your client acquisition strategy or scaling your practice, this report gives you the real-world data, benchmarks, and action ste

Clients

Nerd's Eye View

JULY 29, 2024

Most financial advisors strive to provide excellent client care and prioritize a systematic process to maintain regular communication with their clients both on a scheduled (e.g., annual meeting) and an "on demand" basis. And while individual advisors running solo firms are often able to intuitively sense when they're delivering their best, as they grow and scale their firms, that same advisor eventually goes from individually 'owning' every client relationship to sharing the workload with first

Clients 246

Clients Communication Healthcare Planning 246

Wealth Management

JULY 30, 2024

A new survey from Cerulli Associates found model portfolio providers are increasingly focused on offering custom options to keep their clients loyal.

Portfolio 320

Portfolio Clients 320

Calculated Risk

AUGUST 1, 2024

Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.9% Below 2022 Peak Excerpt: It has been 18 years since the bubble peak. In the May Case-Shiller house price index released on Tuesday, the seasonally adjusted National Index (SA), was reported as being 73% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 11% above the bubble peak (and historically there has been an upward slope to real house prices).

297

297

Abnormal Returns

AUGUST 1, 2024

July 2024 How major asset classes performed in July 2024. (capitalspectator.com) The S&P SmallCap 600 was up 10.8% in July. (on.spdji.com) Rates The 10-year Treasury has dipped below 4.0% for the first time in awhile. (sherwood.news) Tether is benefiting greatly from elevated interest rates. (theblock.co) Fund management Bill Ackman pulled the IPO for Pershing Square USA.

Financial Advising 275

Financial Advising Media Manufacturing Banking 275

Speaker: Claire Grosjean, Global Finance & Operations Executive

Management

Nerd's Eye View

AUGUST 2, 2024

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that a Federal district court in Texas has put a stay on the effective date of the Department of Labor’s (DoL’s) new Retirement Security Rule (aka “Fiduciary Rule 2.0”), which had been scheduled to become effective in September, and related amendments to prohibited transaction exemptions.

Financial Planner 243

Financial Planner Financial Advice Investment Planning Planning 243

Wealth Management

JULY 31, 2024

The real-life succession story playing out among the Murdoch family.

312

312

Calculated Risk

JULY 27, 2024

The key report this week is the July employment report. Other key reports include Case-Shiller house prices for May, ISM manufacturing index and July vehicle sales. The FOMC meets this week and no change to the Fed Funds rate is expected. -- Monday, July 29th -- 10:30 AM: Dallas Fed Survey of Manufacturing Activity for July. -- Tuesday, July 30th -- 9:00 AM: S&P/Case-Shiller House Price Index for May.

Manufacturing 295

Manufacturing Sales Government Numbers 295

Abnormal Returns

JULY 29, 2024

Markets Commodities are back down to their lows of the year. (sherwood.news) Why forecasting is so difficult. (mrzepczynski.blogspot.com) Crypto Politicians are falling all over themselves to cater to the crypto crowd. (downtownjoshbrown.com) The U.S. government continues to move Silk Road Bitcoin. (coindesk.com) Finance Convertible bonds are having a moment this year.

Financial Advising 264

Financial Advising Media Government Investments 264

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

Numbers

The Big Picture

JULY 27, 2024

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The Secret Battle for the Future of the Murdoch Empire : Rupert Murdoch, the patriarch, has moved to change the family’s irrevocable trust to preserve his media businesses as a conservative force. Several of his children are fighting back. ( New York Times ) • The world’s emotional status is actually pretty good, a new global report finds : But which country comes first in

Manufacturing 195

Manufacturing Media Accounting Sales 195

Wealth Management

JULY 31, 2024

Getting clients financially and psychologically ready to exit.

Clients 311

Clients 311

Calculated Risk

JULY 29, 2024

Altos reports that active single-family inventory was up 1.3% week-over-week. Inventory is now up 37.1% from the February seasonal bottom. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of July 26th, inventory was at 677 thousand (7-day average), compared to 668 thousand the prior week. This is the highest level of inventory since June 2020 ; however, inventory is still far below pre-pandemic levels.

219

219

Abnormal Returns

JULY 29, 2024

Podcasts Josh and Michael talk with Alec Crawford, CEO of AI Risk, about the future of financial advice, how AI will be used by most advisors, and the critical role of AI cybersecurity in the financial industry (youtube.com) Michael Kitces talks with John Bowen, CEO and founder of CEG Worldwide and CEG Insights, about what makes advisory firms work.

Financial Advice 263

Financial Advice Clients Retirement Management 263

Speaker: Erroll Amacker

Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.

Accounting

Nerd's Eye View

JULY 31, 2024

For SEC-registered financial advisors, the prospect of an upcoming examination by the SEC can be a source of high anxiety. This is especially the case with newly registered advisors or formerly state-registered advisors who recently became SEC-registered since they may be uncertain about how the examination process will work, what elements of the firm the SEC will dig into, or what information the advisor will need to provide to the examiners.

Compliance 189

Compliance Ethics Advertising Clients 189

Wealth Management

JULY 30, 2024

Industry accruals are a robust negative predictor of industry returns.

Marketing 304

Marketing Marketing 304

Calculated Risk

AUGUST 1, 2024

The DOL reported : In the week ending July 27, the advance figure for seasonally adjusted initial claims was 249,000, an increase of 14,000 from the previous week's unrevised level of 235,000. The 4-week moving average was 238,000, an increase of 2,500 from the previous week's unrevised average of 235,500. emphasis added The following graph shows the 4-week moving average of weekly claims since 1971.

214

214

Abnormal Returns

JULY 30, 2024

Asset allocation Bonds have some yield now, but that doesn't mean they are the best portfolio diversifier. (man.com) Risk parity is a solution in search of a problem. (rogersplanning.blogspot.com) Crowding How crowding affects active investment returns. (alphaarchitect.com) How fund flows can drive stock returns. (caia.org) Calls You'd be surprise how little companies talk about their employees on conference calls.

Asset Allocation 258

Asset Allocation Portfolio Assets Investments 258

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Accounting

The Big Picture

AUGUST 2, 2024

This week, we speak with Lakshman Achuthan, co-founder of the Economic Cycle Research Institute. Achuthan met his mentor, Geoffrey H. Moore, at Columbia University in 1990; they formed ECRI with Anirvan Banerji in 1996. He serves on the board of governors for the Levy Economics Institute of Bard College. In 2004, he co-authored Beating the Business Cycle: How to Predict and Profit From Turning Points in the Economy.

Economics 182

Economics Economy 182

Wealth Management

JULY 31, 2024

The firm's K-Series now takes in $900 million monthly, while its collaboration with Capital Group is on track to roll out its first funds next year.

302

302

Calculated Risk

AUGUST 2, 2024

From the BLS: Employment Situation The unemployment rate rose to 4.3 percent in July, and nonfarm payroll employment edged up by 114,000 , the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in health care, in construction, and in transportation and warehousing, while information lost jobs. The change in total nonfarm payroll employment for May was revised down by 2,000, from +218,000 to +216,000, and the change for June was revised down by 27,000, from +206,000

Transportation 204

Transportation 204

Abnormal Returns

AUGUST 2, 2024

The biz Some signs of life in the podcasting ad business. (radioink.com) The podcasting industry is home to some haves and a lot of have-nots. (wsj.com) A beginner's guide to starting a podcast. (bigtechnology.com) Business Benjamin Gilbert and David Rosenthal talk about how Microsoft ($MSFT) returned to market dominance. (acquired.fm) Joe Weisenthal and Tracy Alloway talk the business of nicotine with John Coogan, founder of Lucy Goods.

Startup 162

Startup Economics Management Investments 162

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